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Oil prices rise today, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output Singapore: Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. The 90-day truce in the trade dispute between the United States and...

By Henning Gloystein SINGAPORE (Reuters) - Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. The 90-day truce in the trade dispute between the United States and China was also still supporting markets, traders said. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were...

Oil prices fall 1%, extending losses from the previous session as reports of a big climb in US inventories and forecasts of record shale output stoked worries about oversupply Singapore: Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about...

By Devika Krishna Kumar and Jessica Resnick-Ault NEW YORK, Nov 30 (Reuters) - Oil prices edged lower on Friday due to concerns of oversupply but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week. The two global oil benchmarks, North Sea Brent and U.S. crude, still...

Oil prices fell , pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia Singapore: Oil prices fell on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. International Brent crude oil futures fell below $60 per barrel early in the...

By Henning Gloystein SINGAPORE, Dec 12 (Reuters) - U.S. oil prices climbed on Wednesday, supported by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets. Disruptions to Libyan oil exports after local militia seized the country's biggest oilfield, El Sharara, were also buoying prices, traders said. U.S. West Texas Intermediate (WTI)...

What is OPEC? | CNBC Explains

published:20 Jun 2018

What is OPEC? | CNBC Explains

What is OPEC? | CNBC Explains

published:20 Jun 2018

views:41194

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
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What is OPEC? | CNBC Explains

published:20 Jun 2018

views:41194

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
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Follow us on Twitter:
https://twitter.com/CNBCi...

OPEC Countries Thinking of Cutting Oil Production

published:13 Nov 2018

OPEC Countries Thinking of Cutting Oil Production

OPEC Countries Thinking of Cutting Oil Production

published:13 Nov 2018

views:35432

Members of the Organization of Petroleum Exporting Countries also known as OPEC are looking for ways to cut back on oil supply. This comes as the US imposed sanctions on Iran are directly impacting the global oil market, creating an outcome that many countries did not foresee. RT America’s Ashlee Banks reports.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America...

OPEC Countries Thinking of Cutting Oil Production

published:13 Nov 2018

views:35432

Members of the Organization of Petroleum Exporting Countries also known as OPEC are looking for ways to cut back on oil supply. This comes as the US imposed sanctions on Iran are directly impacting the global oil market, creating an outcome that many countries did not foresee. RT America’s Ashlee Banks reports.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America...

All about OPEC and Trick to Remember members

published:27 Nov 2016

All about OPEC and Trick to Remember members

All about OPEC and Trick to Remember members

published:27 Nov 2016

views:20952

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply.
In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and OPEC\'s revenue and wealth, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC started setting production targets for its member nations; and generally when the production targets are reduced, oil prices increas
The five Founding Members were later joined by nine other Members:
Qatar (1961); Indonesia (1962) – suspended its membership from January 2009-December 2015; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007); and Gabon (1975) - terminated its membership in January 1995 but rejoined in July 2016.
OPEC play a role in global Oil Politics
OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
OPEC\'s objective is to co-ordinate and unify petroleum polici...

All about OPEC and Trick to Remember members

published:27 Nov 2016

views:20952

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply.
In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and OPEC\'s revenue and wealth, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC started setting production targets for its member nations; and generally when the production targets are reduced, oil prices increas
The five Founding Members were later joined by nine other Members:
Qatar (1961); Indonesia (1962) – suspended its membership from January 2009-December 2015; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007); and Gabon (1975) - terminated its membership in January 1995 but rejoined in July 2016.
OPEC play a role in global Oil Politics
OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
OPEC\'s objective is to co-ordinate and unify petroleum polici...

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

published:13 Nov 2018

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

published:13 Nov 2018

views:9542

Saudi Arabia says it wants to dramatically cut its oil exports and it wants other oil producers to do the same. Oil prices have been falling since mid-September and cuts in supply could help drive rates back up. But as Mobin Nasir reports, the Kingdom could face a tough time getting other oil exporting countries on board. For more on the story, we speak to Ellen Wald, president of energy consulting firm, Transversal Consulting, and author of the book Saudi, Inc.
#SaudiArabia #OPEC #OilExport...

Saudi Arabia calls on OPEC to cut oil exports | Money Talks

published:13 Nov 2018

views:9542

Saudi Arabia says it wants to dramatically cut its oil exports and it wants other oil producers to do the same. Oil prices have been falling since mid-September and cuts in supply could help drive rates back up. But as Mobin Nasir reports, the Kingdom could face a tough time getting other oil exporting countries on board. For more on the story, we speak to Ellen Wald, president of energy consulting firm, Transversal Consulting, and author of the book Saudi, Inc.
#SaudiArabia #OPEC #OilExport...

Who Controls The World's Oil?

published:18 Dec 2015

Who Controls The World's Oil?

Who Controls The World's Oil?

published:18 Dec 2015

views:377176

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitution Article II
https://www.law.cornell.edu/constitution/articleii
\"The executive power shall be vested in a President of the United States of America.\"
Is Ted Cruz, born in Canada, eligible to run for president?
http://www.politifact.com/truth-o-meter/article/2013/aug/20/ted-cruz-born-canada-eligible-run-president/
\"Can Ted Cruz run for president if he was born in Canada?\"
Qualifications for President and the \"Natural Born\" Citizenship Eligibility Requirement
http://www.fas.org/sgp/crs/misc/R42097.pdf
\"The Constitution sets out three eligibility requirements to be President: one must be 35 years of age, a resident \'within the United States\' for 14 years, and a \'natural born Citizen.\'\"
Watch More:
The Bias of the Supreme Court
https://www.youtube.com/watch?v=8C0weq6CzqM
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe...

Who Controls The World's Oil?

published:18 Dec 2015

views:377176

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitution Article II
https://www.law.cornell.edu/constitution/articleii
\"The executive power shall be vested in a President of the United States of America.\"
Is Ted Cruz, born in Canada, eligible to run for president?
http://www.politifact.com/truth-o-meter/article/2013/aug/20/ted-cruz-born-canada-eligible-run-president/
\"Can Ted Cruz run for president if he was born in Canada?\"
Qualifications for President and the \"Natural Born\" Citizenship Eligibility Requirement
http://www.fas.org/sgp/crs/misc/R42097.pdf
\"The Constitution sets out three eligibility requirements to be President: one must be 35 years of age, a resident \'within the United States\' for 14 years, and a \'natural born Citizen.\'\"
Watch More:
The Bias of the Supreme Court
https://www.youtube.com/watch?v=8C0weq6CzqM
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe...

Goldman Sachs Sees Oil Back Above $70 on Anticipated OPEC Cut

published:14 Nov 2018

Goldman Sachs Sees Oil Back Above $70 on Anticipated OPEC Cut

Goldman Sachs Sees Oil Back Above $70 on Anticipated OPEC Cut

published:14 Nov 2018

views:4200

Nov.14 -- Michele Della Vigna, head of energy industry research at Goldman Sachs International, discusses oil supply, demand and prices amid Saudi Arabia\'s call for OPEC to cut production by 1 million barrels a day. James Barty, head of global cross-asset strategy at Bank of America Merrill Lynch, also speaks on \"Bloomberg Surveillance.\"...

Goldman Sachs Sees Oil Back Above $70 on Anticipated OPEC Cut

published:14 Nov 2018

views:4200

Nov.14 -- Michele Della Vigna, head of energy industry research at Goldman Sachs International, discusses oil supply, demand and prices amid Saudi Arabia\'s call for OPEC to cut production by 1 million barrels a day. James Barty, head of global cross-asset strategy at Bank of America Merrill Lynch, also speaks on \"Bloomberg Surveillance.\"...

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkf

Members of the Organization of Petroleum Exporting Countries also known as OPEC are looking for ways to cut back on oil supply. This comes as the US imposed sanctions on Iran are directly impacting the global oil market, creating an outcome that many countries did not foresee. RT America’s Ashlee Ba

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OP

Saudi Arabia says it wants to dramatically cut its oil exports and it wants other oil producers to do the same. Oil prices have been falling since mid-September and cuts in supply could help drive rates back up. But as Mobin Nasir reports, the Kingdom could face a tough time getting other oil export

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitu

Nov.14 -- Michele Della Vigna, head of energy industry research at Goldman Sachs International, discusses oil supply, demand and prices amid Saudi Arabia\'s call for OPEC to cut production by 1 million barrels a day. James Barty, head of global cross-asset strategy at Bank of America Merrill Lynch, a